Serbia’s central bank keeps key policy rate at 5.75%

“For these reasons, higher volatility of global prices of energy and other primary commodities has been recorded over the past month, and the same holds true for precious metals prices and inter-currency relations. At the same time, rising protectionism could negatively affect the production and exports of the domestic manufacturing industry. As for monetary policy decisions of leading central banks, the Federal Reserve System (FED) projections released after the December meeting suggest that a continued lowering of the federal funds rate range is likely going forward, while the European Central Bank (ECB) will probably keep its key rates on hold for a while, as the inflation target is assessed to have been attained,” said the NBS.